Big Tech
Secretive China Agency Backtracks on Aggressive Policies After $1 Trillion Rout
- CAC holds the keys to data, AI and overseas listings
- Its stance is crucial to business and China’s economy
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By Communist Party standards, the Cyberspace Administration of China’s rise has been nothing short of breathtaking.
In just over 10 years, the regulator has morphed from a singularly minded online censor into one of the country’s most powerful administrators — with oversight of both data and artificial intelligence, two pillars of future economic growth.